Kallo predicts Tesla will eventually fix its production issues with the Model 3. He noted that production deliveries rose 83% annually since 2012 for its previous vehicles.

"Tesla has managed to successfully ramp production of the Model S and X, albeit on a slower timeline than initially expected," he said. "While the Model 3 production delay is (rightfully) a focus for investors, we believe a six-month production delay is minor over the long run."

Meanwhile, the company has been busy, registering its Shanghai arm, Tesla (Shanghai) Co. Ltd two weeks ago, with a registered capital of 100 million Yuan ($15.8 million U.S.). The Company will focus on electric cars, spare parts, and batteries, as well as the development of photovoltaic products.

Tesla's shares are down 11.7% year to date through Tuesday compared with the S&P 500's 1.9% return. The company's stock was up $3.10, or 1.1%, in the early part of Wednesday's session to $278.11